RESEND: Are Fletcher's NZ earnings at the top of the cycle?

Wed, 21 Aug 2019

(Resends after early publication) By Jenny Ruth Aug. 21 (BusinessDesk) - Fletcher Building says activity in all parts of its New Zealand markets is “elevated’’ but its managing director doesn’t want to say whether current earnings should be viewed as top-of-the-cycle results. And he doesn’t like the suggestion that mid-cycle earnings are likely to be somewhat lower. “The market outlook for 2020 looks pretty similar to last year,” Ross Taylor says. “I don’t have any particular insights into the next five years” but all the indicat...

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